Silver Prices Plunge Today: Big Relief for Buyers as Gold Also Sees Decline

• Silver prices experienced a significant fall today, February 5th, offering good news for buyers.
• After reaching an all-time high of ₹4,20,000 per kilogram, silver has dropped to approximately ₹2,58,096 per kilogram.
• Silver opened with a 6% lower circuit and fell by 9.73% to $76.045 per ounce in the international Comex market.
• Gold also saw a decline, falling by ₹4000 per 10 grams on MCX, with the current rate at ₹149,000 per 10 grams.
• Experts attribute the volatility to profit-taking, increased margins, and a strengthening dollar, but foresee gold reaching new record levels due to central bank buying and geopolitical risks.